This week, President Joe Biden and first lady Jill Biden released their federal and state tax returns, showing the nation what they earned and what they paid in taxes for 2021.
According to Fox News, the Bidens, who filed a joint return, reported a federal adjusted gross income of $610,702 last year.
The Bidens paid a total of $150,439 in federal income tax for 2021, which puts their federal income tax rate at 24.6%.
They also released their Delaware tax returns, which indicated that they paid $30,765 in state income tax for 2021. Jill Biden, who teaches at Northern Virginia Community College, also filed a Virginia return, which indicated that she paid $2,721 in taxes there.
The details
Fox noted that the president’s income tax return for 2021 is similar to 2020, but since he officially took office on Jan. 20 last year, his presidential salary was pro-rated to $378,833 out of the $400,000 annual salary.
“In 2020, the first couple earned $607,336, which was down from the $985,223 they reported in 2019,” Fox reported.
In total, it was noted that this is the 24th year of the Bidens making their taxes available to the public, which has been a point of contention for his primary political rival, former President Donald Trump.
President Biden has continued to scold America’s wealthiest individuals for not paying what he calls “their fair share” of taxes, claiming that if they would do so, the economy would be much better off.
Veep follows suit
Vice President Kamala Harris and second gentleman Douglas Emhoff also made their tax returns public.
Fox News reported: “Harris and Emhoff reported a federal adjusted gross income of $1,655,563. The returns reveal the couple paid $523,371 in federal income tax. Their federal income tax rate in 2021 was 31.6%.”
VP Kamala Harris and the Second Gentleman Doug Emhoff report a 2021 federal adjusted gross income of $1,655,563.
They paid $523,371 in federal income tax, amounting to a 2021 effective federal income tax rate of 31.6%.
They also paid $120,517 in California state income tax.
— Mark Cavitt (@MarkCavitt) April 15, 2022
Emhoff, who teaches at Georgetown University Law Center, also paid $54,441 in income tax for the District of Columbia.
